Where is the big money at?

Discussion in 'Ask An Owner Operator' started by Kenworth6969, Oct 29, 2022.

  1. Kenworth6969

    Kenworth6969 Road Train Member

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  3. san00

    san00 Medium Load Member

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    Good question. Rates were decent in October and still profitable but that $2.25 per mile sure ain’t. For me reefer rates peaked in January and have been falling every month since.

    I’m guessing a lot of owner operators that were leased doing dry van and flatbed had the same thought and moved to a reefer outfit.
     
  4. Kenworth6969

    Kenworth6969 Road Train Member

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    I feel for you reefer guys.
    It's one to thing to be dealing with cheap rates, it's a whole deeper level to do while paying for reefer fuel, dealing with lumpers, waiting forever in docks and waiting forever in wash out lines all for cheap pay.

    It's doable when rates are high but when they're not that's got to be lots of pain.

    It's possible a bunch of trucks flooded that market when others went downhill.
     
  5. D.Tibbitt

    D.Tibbitt Road Train Member

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    You are a business owner, yes ? If you want a job,get a job... if you want business, get it yourself.
     
  6. Kenworth6969

    Kenworth6969 Road Train Member

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    I've never had my own authority. Always been leased to a carrier.
     
  7. Brandonpdx

    Brandonpdx Road Train Member

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    Free market capitalism is what it is...it giveth and taketh away. People complaining about cheap rates just need to get over that and accept it. Everybody loves it when there's 10,000 loads and 5,000 trucks and the brokers and shippers take a bath, then the complaining starts when the tables turn and the truckers take a haircut for awhile. The guy who whet out and financed 200k worth of equipment gets no sympathy from me. I guess that wasn't a very savvy business move was it? More to the point, it's always a risk or gamble to go play with the big boys like that. Sometimes it pans out and sometimes it wont.
     
  8. san00

    san00 Medium Load Member

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    We all over earned the past 18 months and now we are about ready to under earn for who knows how long. That’s how trucking goes.

    Can you imagine how bad it would be if there wasn’t a shortage of trucks and trailers for sale during the boom? I suspect the purge would have started sooner if there was but man it could have been so much worse.
     
  9. Kenworth6969

    Kenworth6969 Road Train Member

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    I wouldn't say we over earned.

    Get a new semi truck and trailer and thats easily $200,000.
    Maintenance costs are to the moon.
    We put our life on the line every day.
    Sleep in a truck away from the family.
    Etc

    All the costs and risks we should be paid well.
     
  10. Long FLD

    Long FLD Road Train Member

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  11. GYPSY65

    GYPSY65 Road Train Member

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    I assume the broker side is flooded as well
    They’re probably having the same issue with new entries who now can’t find the loads and are lowballing the ones they do
     
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